Merchants Bancorp· MBIN

🇺🇸 US · MidSP600NASDAQ

Financial ServicesBanks - RegionalWebsite

Price: $55.60
Day: -0.22%
Mkt Cap: $2.55B
52W Range: $29.45 – $56.87
Volume: 173.0K
Beta: 1.16

D55D FrameworkQuarterly Data

Holdings Analysis

Insider activity, institutional flows, and fund ownership.

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Merchants Bancorp

MBIN|Financial Services|Banks - Regional

Current price: $56

Smart Money

Dimension 5 of 5

Insider Activity, Q3 2026

Latest scored quarter, net flow, and top transactions by value

Net dollar flow-$993.6K

Net share flow-18.0K

Purchases0 ($0)

Sales2 ($993.6K)

Top Notable Transactions

Insider

Type

Value

Date

O'Brien Patrick D.

Purchase

$3.0M

Mar 16

Rogers Randall D.

Sale

$2.3M

Aug 23

Rogers Randall D.

Sale

$1.9M

Nov 14

Institutional Ownership, Q1 2026

Ownership share, position changes, share flow, and top holders

Ownership99.2%

13F share flow+72.2%

Investors holding181

+156 adding-71 reducing

106

New 50Inc 106Red 48Closed 23

Top Institutional Holders

Institution

Value

Change

ELSER FINANCIAL PLANNING, INC

$1.2B

+100.0%

BLACKROCK, INC.

$173.8M

+115.4%

DIMENSIONAL FUND ADVISORS LP

$75.5M

+6.2%

DOMA PERPETUAL CAPITAL MANAGEMENT LLC

$47.9M

+0.0%

ETF & Mutual Fund Activity, Q2 2026

Latest meaningful quarter: fund-by-fund buying / unchanged / selling

Funds reporting91

Total shares held6.3M

Share flow+19.4%

21 buying19 selling

Buying 21Unchanged 51Selling 19

Top Fund Holders

Fund

Weight

Change

AMERICAN CENTURY ETF TRUST

774.3K

0.32%

+87.7K

FIDELITY CONCORD STREET TRUST

282.7K

0.11%

-658

SCHWAB STRATEGIC TRUST

158.5K

0.05%

-2.2K

Invesco Exchange-Traded Fund Trust II

74.8K

0.02%

+73.0K

See the complete picture

The full 5D Framework: Business Quality · Peer Comparison · Valuation · Analyst Sentiment · Smart Money

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Generated August 5, 2026

For educational purposes only. Not financial advice. Data may be delayed or incomplete.

Smart Money Sentiment

MBIN Smart Money Sentiment Score

A weighted 1-5 sentiment score across three smart money signals.

Smart Money

4.0/5

Bullish

Weighted across 3 components

Component Breakdown (3 of 3 available)

Insider Activity

40% weight

Institutional Flow

50% weight

+100

Fund Flow

10% weight

Overall Smart Money sentiment of 4.0/5 (Bullish) based on a weighted combination of 3 components. Insider activity uses a relative-baseline comparison against the stock's own history; institutional flow tracks position momentum and 13F share changes; fund flow measures ETF / mutual-fund buying vs selling. Higher scores indicate stronger bullish sentiment from professional investors.Last updated August 4, 2026.

Insider Trading Activity

Insider trading analysis comparing the latest quarter against the stock's own historical baseline.

Insider Activity for MBIN

Net insider share flow by quarter (C-suite & director purchases minus sales)

Neutral

Routine insider selling in Q3 2026

2 sales totaling $993.6K (18.0K shares)

Share volume is at a routine pace (0.6x average)

Buying seen in 4 of 7 quarters

Notable Recent Transactions, MBIN

Top 8 highest-value recent insider trades

O'Brien Patrick D.

Director

Buy

120,000 shares at $25.00

Mar 16, 2021$3.00M

Rogers Randall D.

Director

Sell

50,000 shares at $45.50

Aug 23, 2024$2.27M

Rogers Randall D.

Director

Sell

60,000 shares at $32.18

Nov 14, 2023$1.93M

Rogers Randall D.

Director

Sell

57,894 shares at $32.17

Nov 14, 2023$1.86M

Rogers Randall D.

Director

Sell

40,000 shares at $31.63

Nov 3, 2023$1.27M

Rogers Randall D.

Director

Sell

38,062 shares at $31.64

Nov 3, 2023$1.20M

Rogers Randall D.

Director

Sell

25,000 shares at $46.00

Aug 23, 2024$1.15M

Rogers Randall D.

Director

Sell

25,000 shares at $44.00

Aug 22, 2024$1.10M

Institutional Ownership Analysis

Institutional ownership analysis with position momentum, 13F share flow, and ownership percentage trends.

Institutional Ownership Over Time for MBIN

Total dollar value invested by institutions each quarter

Very Bullish

Institutions accumulating in Q1 2026

99.2% institutional ownership

Strong accumulation: 156 institutions adding vs 71 reducing positions

13F shares increased by 64.6%, a significant shift

Momentum improving from prior quarter

Position Changes

Q2 2026: how are institutions adjusting their positions?

+26 growing-158 shrinkingNet: -132

140

New (10)

Increased (16)

Reduced (18)

Closed (140)

Top Institutional Holders, MBIN

Largest 8 institutional positions by ownership percentage as of Q2 2026

ELSER FINANCIAL PLANNING, INC

26.8M

$1.3B

Ownership

58.37%

-0.6%

VALEO FINANCIAL ADVISORS, LLC

227.0K

$11.3M

Ownership

0.49%

-3.4%

PRINCIPAL FINANCIAL GROUP INC

142.5K

$7.1M

Ownership

0.31%

-0.1%

SAPIENT CAPITAL LLC

60.5K

$3.0M

Ownership

0.13%

No change

NEW YORK STATE COMMON RETIREMENT FUND

58.1K

$2.9M

Ownership

0.13%

-4.3%

CITIGROUP INC

42.4K

$2.1M

Ownership

0.09%

+219.9%

FORMIDABLE ASSET MANAGEMENT, LLC

33.2K

$1.4M

Ownership

0.07%

-3.5%

VERDENCE CAPITAL ADVISORS LLC

25.0K

$1.3M

Ownership

0.05%

-3.2%

ETF and Mutual Fund Holdings

ETF and mutual fund activity breakdown showing buying vs selling funds, top fund holders, and detailed holdings.

Fund Activity

Q2 2026: 91 ETFs and mutual funds reporting

21 buying19 sellingNet: +2

Buying (21)

Unchanged (51)

Selling (19)

Neutral

Mixed fund activity in Q2 2026

91 ETFs and mutual funds reporting

21 buying vs 19 selling (balanced)

Top Fund Holders, MBIN

Largest 8 ETF and mutual fund positions by shares held as of latest filing

AMERICAN CENTURY ETF TRUST

774.3K

Weight

0.32%

Increased

FIDELITY CONCORD STREET TRUST

282.7K

Weight

0.11%

Decreased

SCHWAB STRATEGIC TRUST

158.5K

Weight

0.05%

Decreased

Invesco Exchange-Traded Fund Trust II

74.8K

Weight

0.02%

Increased

JPMORGAN TRUST II

39.7K

Weight

0.00%

No change

FIDELITY COMMONWEALTH TRUST

18.2K

Weight

0.44%

Increased

Goldman Sachs ETF Trust

18.0K

Weight

0.01%

Decreased

BNY Mellon Strategic Funds, Inc.

13.2K

Weight

1.76%

No change

Merchants Bancorp· MBIN

Holdings Analysis

Insider Trading Activity

1.3Transaction History127Real market purchases and sales onlyShow All Types

Institutional Ownership Analysis

2.4Detailed Holdings64Most recent institutional positions with changes and valuations

ETF and Mutual Fund Holdings

3.3Fund Holdings Details25Most recent ETF and mutual fund holdings with share counts and weights

Search stocks

Holdings Analysis

Insider Trading Activity

1.3Transaction History127Real market purchases and sales onlyShow All Types

Institutional Ownership Analysis

2.4Detailed Holdings64Most recent institutional positions with changes and valuations

ETF and Mutual Fund Holdings

3.3Fund Holdings Details25Most recent ETF and mutual fund holdings with share counts and weights